Enova International Inc (ENVA) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Enova International Inc (NYSE:ENVA) have received an average recommendation of “Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.40.

Several brokerages recently commented on ENVA. Jefferies Group reaffirmed a “buy” rating and set a $24.00 target price on shares of Enova International in a report on Friday, February 2nd. Maxim Group reissued a “buy” rating and issued a $23.00 price objective on shares of Enova International in a report on Monday, February 5th. JMP Securities boosted their price objective on shares of Enova International from $19.00 to $24.00 and gave the company a “market outperform” rating in a report on Friday, February 2nd. BidaskClub raised shares of Enova International from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Finally, TheStreet raised shares of Enova International from a “d+” rating to a “c” rating in a report on Monday, October 30th.

Shares of Enova International (NYSE:ENVA) traded up $0.30 during mid-day trading on Friday, hitting $20.40. 522,546 shares of the company traded hands, compared to its average volume of 402,854. The company has a market cap of $673.44, a P/E ratio of 23.72 and a beta of 3.46. The company has a quick ratio of 8.14, a current ratio of 9.31 and a debt-to-equity ratio of 2.80. Enova International has a 1-year low of $11.15 and a 1-year high of $21.30.

Enova International (NYSE:ENVA) last announced its earnings results on Thursday, February 1st. The credit services provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. The business had revenue of $243.69 million during the quarter, compared to the consensus estimate of $230.97 million. Enova International had a net margin of 3.47% and a return on equity of 14.11%. Enova International’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.25 EPS. equities research analysts anticipate that Enova International will post 1.75 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp raised its position in shares of Enova International by 11.1% in the 2nd quarter. State Street Corp now owns 640,940 shares of the credit services provider’s stock valued at $9,516,000 after buying an additional 63,865 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Enova International by 20.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 494,130 shares of the credit services provider’s stock valued at $6,646,000 after buying an additional 84,514 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Enova International by 11.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 484,120 shares of the credit services provider’s stock valued at $6,511,000 after buying an additional 50,818 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Enova International by 108.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 389,302 shares of the credit services provider’s stock valued at $5,781,000 after buying an additional 202,404 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of Enova International by 4.0% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 337,727 shares of the credit services provider’s stock valued at $5,014,000 after buying an additional 13,100 shares in the last quarter. 97.46% of the stock is owned by hedge funds and other institutional investors.

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Enova International Company Profile

Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.

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